MEDIA RELEASE PR36753
Syniverse Completes Acquisition of VeriSign's Messaging Business
TAMPA, Fla., Oct. 26 /PRNewswire-AsiaNet/ --
Acquisition enhances Syniverse NEXT(SM) messaging offerings for
operators, enterprises
Significantly expanding its position in the global mobile messaging space, Syniverse
its acquisition of VeriSign, Inc.'s (Nasdaq: VRSN) Messaging and Mobile Media Services
for approximately $175 million in cash, subject to working capital adjustments. The
transaction, which was effective Oct. 23, is expected to be immediately accretive to
cash net income.
"This strategic acquisition gives us the scale and reach necessary to
compete globally in the rapidly growing messaging market," said Tony Holcombe
CEO, Syniverse, a leading provider of technology and business solutions for
the global telecommunications. "By combining VeriSign's Messaging and Mobile
Media Services with our Syniverse NEXT messaging solutions
only fully able to meet the needs of operators of all types and sizes with
the messaging technologies they need to meet subscriber demands, but we also
are now able to offer enterprise messaging services directly or through
mobile operators."
The acquisition brings to Syniverse four operator and enterprise
messaging solutions:
- Inter-Carrier Gateway enables operators to deliver inter-carrier
person-to-person SMS and MMS messages across geographies and
technologies.
- PictureMail provides a state-of-the-art MMS platform with core
components that include a hosted MMS service center (MMSC) for MMS
routing, handset photo applications, a social networking interface, and
photo storage and sharing capabilities.
- Premium Messaging Gateway manages delivery of "off-portal" or
third-party content to subscribers.
- Mobile Enterprise Solutions enables businesses to send time- and
event-based A2P messages or alerts via voice, text message or email to
customers, employees or partners, and allows operators to offer their
high-value customers a broader array of services, including enterprise
and mobile financial services.
Conference Call & Earnings Announcement
Syniverse executives will provide information on how the acquisition will
impact 2009 during the company's third quarter 2009 earnings call on Monday,
Nov. 2, at 4:30 p.m. ET. To participate on the call, U.S. callers may dial
toll-free +1 (866) 383.8008; international callers may dial direct +1 (617)
597.5341. The passcode for the call is 65583949. The event also will be
webcast live over the Internet in listen-only mode at
A replay of the call will be available beginning at approximately 7:30
p.m. ET on Nov. 2 and will remain available through Nov. 16 at 11:59 p.m. ET.
To access the replay, U.S. callers may dial toll-free +1 (888) 286.8010;
international callers may dial direct +1 (617) 801.6888. The replay passcode
is 65518577.
About Syniverse
Syniverse Technologies (NYSE: SVR) provides mobile technology for the
global telecommunications industry, making it possible for disparate data,
messaging and voice technologies to interoperate anywhere, any time. Serving
more than 800 communications companies in over 160 countries, Syniverse
offers market-leading solutions that simplify the complexities of roaming,
messaging, network interoperability and business intelligence for mobile
operators, MSOs, enterprise verticals and emerging mobile providers. For more
Cautions about Forward-Looking Statements
Certain of the statements in this press release may constitute
"forward-looking statements" for purposes of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and, as
such, may involve known and unknown risks, uncertainties and other factors
which may cause the actual results' performance or achievements of Syniverse
to be materially different from the future results' performance or
achievements expressed or implied by such forward-looking statements. All
statements other than statements of historical fact are statements that could
be forward-looking statements. You can identify forward-looking statements
through Syniverse's use of words such as "believe," "intend," "continue,"
"hopeful" and other similar words and expressions of the future. Such
forward-looking statements include, without limitation, statements about the
VeriSign transaction being immediately accretive to Syniverse's cash net
income; the transaction benefitting global operators and subscribers;
Syniverse possessing the scale, reach and capabilities needed to provide
mobile operators the expected benefits to mobile consumers; and Syniverse's
ability to compete globally in an expanding messaging market. These
forward-looking statements are based upon information presently available to
Syniverse's management and are inherently subjective, uncertain and subject
to change, due to any number of risks and uncertainties, including, without
limitation, those risks and factors discussed in Syniverse's Annual Report on
Form 10-K for the year ended December 31, 2008, and Quarterly Reports for the
quarters ended March 31, 2009, and June 30, 2009, under the captions
"Cautionary Notice Regarding Forward-Looking Statements," "Risk Factors," and
otherwise in Syniverse's reports and filings that it makes with the
Securities and Exchange Commission. You should not place undue reliance on
any forward-looking statements, since those statements speak only as of the
date that they are made. Syniverse has no obligation and does not undertake
to publicly update, revise or correct any of the forward-looking statements
after the date of this press release or after the respective dates on which
such statements otherwise are made, whether as a result of new information,
future events or otherwise, except as otherwise may be required by law.
SOURCE: Syniverse Technologies
CONTACT: Diane Rose,
Corporate Communications,
+1-813-637-5077, or
Jim Huseby,
Investor Relations,
+1-813-637-5000,
both of Syniverse Technologies
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